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Meaning of cession

Source language: EnglishDictionary language: English

cession

Pronunciation:/ˈsɛʃən/

noun

Definitions

  1. That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.

  2. The giving up of rights, property etc. which one is entitled to.

Sources:https://en.wiktionary.org/wiki/cession

Related words

cedingsurrenderdispositionrelinquishmentrenunciationassignmentdisposalsale